Autohome (NYSE:ATHM) Shares Gap Up to $24.77

Shares of Autohome Inc. (NYSE:ATHM) gapped up before the market opened on Wednesday . The stock had previously closed at $24.77, but opened at $25.75. Autohome shares last traded at $26.49, with a volume of 197,111 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on ATHM shares. Citigroup reiterated a “neutral” rating and set a $28.00 price target (down from $31.00) on shares of Autohome in a research note on Friday, July 19th. Benchmark lowered Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Autohome Stock Up 6.6 %

The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 12.60 and a beta of 0.14. The firm has a fifty day moving average of $25.22 and a 200-day moving average of $26.28.

Autohome (NYSE:ATHM) last released its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that Autohome Inc. will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Autohome

A number of hedge funds have recently made changes to their positions in ATHM. Atlas Capital Advisors LLC acquired a new stake in Autohome in the 2nd quarter valued at $28,000. Parallel Advisors LLC increased its position in shares of Autohome by 99.4% during the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after acquiring an additional 657 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Autohome by 88.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Autohome by 24.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after buying an additional 912 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Autohome by 19.4% in the fourth quarter. Van ECK Associates Corp now owns 5,124 shares of the information services provider’s stock worth $144,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.